Senior Debt Leverage Ratio means, for any period, with respect to Borrower and its Subsidiaries on a Consolidated basis, the ratio of (a) the unpaid principal balance of the Term Loan on the last day of such period to (b) Adjusted EBITDA for such period.
Senior Debt Leverage Ratio means on any date a ratio calculated as provided in the definition of Leverage Ratio contained herein; provided that the term "Consolidated Senior Debt" shall be deemed inserted in lieu of the term "Consolidated Debt" in clause (i) of the definition of Leverage Ratio.
Senior Debt Leverage Ratio means, at any time, the ratio of Senior Debt to EBITDA (determined with respect to the most recently completed two financial quarters of the Parent Guarantor on an annualized basis).
Examples of Senior Debt Leverage Ratio in a sentence
From and after the occurrence of a Leverage Ratio Bifurcation Event, maintain, on aConsolidated basis, a Senior Debt Leverage Ratio not exceeding 3.50 –to– 1.00.
At any time when the Senior Debt Leverage Ratio is greater than 3.50 -to- 1.00, the Borrower shall prepay the Loans and/or Cash Collateralize the L/C Obligations as provided in c lause (iii) below, immediately upon the receipt by the Borrower or any Subsidiary of the Net Cash Proceeds of any Indebtedness incurred under either S ection 7.03(h) and/or S ection 7.03(i) of this Agreement, in an aggregate amount equal to one hundred percent (100%) of such Net Cash Proceeds.
More Definitions of Senior Debt Leverage Ratio
Senior Debt Leverage Ratio means, for any fiscal period of the Company, the ratio of (a) Senior Funded Debt as of the last day of such fiscal period to (b) Total Capitalization as of the last day of such fiscal period.
Senior Debt Leverage Ratio means, with respect to any period, the -------------------------- ratio of (i) Indebtedness for Borrowed Money as at the end of such period minus ----- Permitted Subordinated Indebtedness as at the end of such period to (ii) EBITDA for such period.
Senior Debt Leverage Ratio means, at any date, the ratio of (x) -------------------------- Total Senior Debt at such date to (y) Consolidated EBITDA for the Measurement Period ended on or immediately prior to such date.
Senior Debt Leverage Ratio means, on any day, the ratio of (a) Senior Debt of the Company and its Subsidiaries on a consolidated basis as of the date of determination to (b) EBITDA for the Rolling Period ending on the most recent Quarterly Date as of the date of determination.
Senior Debt Leverage Ratio means, as of the last day of each fiscal quarter, the ratio of Consolidated Senior Indebtedness (computed as of the last day of each such fiscal quarter) to Consolidated EBITDA (computed for the four fiscal quarters then ending).
Senior Debt Leverage Ratio means, as to the U.S. Borrower and its consolidated Subsidiaries, for any period of determination, the ratio of (a) the outstanding Obligations to (b)
Senior Debt Leverage Ratio means, on any date, the ratio of (a) Total Debt (other than Subordinated Indebtedness) as of such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower most recently ended as of such date, all determined on a consolidated basis in accordance with GAAP. "Senior Subordinated Note Indenture" means the Indenture pursuant to which the Senior Subordinated Notes are issued, as such indenture may be amended from time to time to the extent permitted under Section 6.11. "Senior Subordinated Notes" means the up to $440,000,000 principal amount of 9-5/8% Senior Subordinated Notes due 2003 of the Borrower issued pursuant to the Senior Subordinated Note Indenture. "SMG II Holdings" means SMG II Holdings Corp., a Delaware corporation. "Specified ERISA Event" means all ERISA Events associated with the transfer in 1997 of assets of the Borrower or its Subsidiaries, relating to the inventory distribution and trucking functions of the Borrower's or such Subsidiary's business, to third parties that will perform such functions under contractual out-sourcing arrangements, which ERISA Events could reasonably be expected to result in liability of the Borrower and the Subsidiaries of an aggregate amount of up to $7,500,000. "Special Purpose Subsidiary" means each wholly owned Subsidiary of the Borrower that is organized for the purpose of, and is engaged solely in the business of, (a) owning a fee or leasehold interest in a single Real Property Asset and (b) owning or leasing Equipment located at such Real Property Asset, in each case used in the operation of a Related Store, provided that such interest in such Real Property Asset and such Equipment is acquired by such wholly owned Subsidiary after the Effective Date (i) directly from a person other than the Borrower or any Subsidiary or (ii) from the Borrower or any Subsidiary (A) in the case of the interest in such Real Property Asset, no more than 270 days after the later